Savills Investment Management (Savills IM) has sold a cross-dock asset in Gothenburg, Sweden, on behalf of its Nordic Logistics Club Deal fund.
The buyer is Swiss Life Asset Managers Nordic on behalf of one of its funds and a group of investors.
Built in 2009 and expanded in 2014, the facility offers 25,700 square meters (276,600 square feet) in logistics space and is located near the center of the Swedish city of Gothenburg in Backa industrial area. Gothenburg’s nearby port is the largest in the Nordic region, handling around a third of Sweden's foreign trade, while the site also offers direct access to the E6 highway.
The property is single let to a logistic operator and serves as a trans-shipment platform for incoming and outgoing goods as well as a last-mile distribution center for the regional market. The building has an EPC A rating and has, during the hold period, seen several improvements such as an extension of last-mile warehouse and ESG enhancements
